Head NV, parent company of Head Snowboards, announced yesterday it was terminating its registration with the U.S. Securities and Exchange Commission and that its stock would no longer be traded in the U.S.
The Amsterdam based Company’s ordinary shares will continue to be listed and trade on the Vienna Stock Exchange.
According to the release:
The termination of the Company’s registration and reporting obligations under the Exchange Act will not affect the Company’s business strategy in the United States nor its commitment to high standards of corporate governance and financial reporting. The Company has adopted International Financial Reporting Standards, or IFRS, and will continue to make English translations of its interim and annual reports and other press releases available on its website: www.head.com.